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Assurant upgraded to Outperform from Market Perform at Keefe Bruyette » 05:14
03/21/23
03/21
05:14
03/21/23
05:14
AIZ

Assurant

$111.16 /

+6.225 (+5.93%)

Keefe Bruyette upgraded…

Keefe Bruyette upgraded Assurant to Outperform from Market Perform with an unchanged price target of $152. The analyst sees 37% upside following the stock's recent weakness. Assurant is trading near its historical trough multiple, says the analyst, who thinks the stock will outperform starting in the next few months as conviction grows that Housing margins will improve and Lifestyle earnings prove resilient.

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AIZ Assurant
$111.16 /

+6.225 (+5.93%)

AIZ Assurant
$111.16 /

+6.225 (+5.93%)

12/20/22 Piper Sandler
Assurant price target lowered to $133 from $144 at Piper Sandler
11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
AIZ Assurant
$111.16 /

+6.225 (+5.93%)

AIZ Assurant
$111.16 /

+6.225 (+5.93%)

Over a month ago
Earnings
Assurant sees FY23 adjusted EPS growth later than adjusted EBITDA growth » 16:34
02/07/23
02/07
16:34
02/07/23
16:34
AIZ

Assurant

$135.82 /

+2.71 (+2.04%)

Consensus $12.26. Sees…

Consensus $12.26. Sees FY23 adjusted EBITDA growth to increase low single-digits.

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AIZ Assurant
$135.82 /

+2.71 (+2.04%)

AIZ Assurant
$135.82 /

+2.71 (+2.04%)

12/20/22 Piper Sandler
Assurant price target lowered to $133 from $144 at Piper Sandler
11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
AIZ Assurant
$135.82 /

+2.71 (+2.04%)

AIZ Assurant
$135.82 /

+2.71 (+2.04%)

Earnings
Assurant reports Q4 adjusted EPS ex-catastrophes $3.56, consensus $2.71 » 16:33
02/07/23
02/07
16:33
02/07/23
16:33
AIZ

Assurant

$135.82 /

+2.71 (+2.04%)

"In 2022, we…

"In 2022, we continued to execute on our vision to be the leading global business services provider supporting the advancement of the connected world. We delivered high single-digit growth in Global Lifestyle, while taking decisive actions in Global Housing to simplify our business and improve financial results," said Assurant President and CEO Keith Demmings. "I am especially pleased with our strong fourth quarter segment results, which demonstrate our focus on driving outperformance over the long term. We also acted with urgency to mitigate the impact of global macroeconomic headwinds by streamlining our real estate footprint and increasing efficiency in our organizational structure, all while strengthening the business for the future through targeted investments in key product offerings and capabilities to sustain our competitive advantage."

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AIZ Assurant
$135.82 /

+2.71 (+2.04%)

AIZ Assurant
$135.82 /

+2.71 (+2.04%)

12/20/22 Piper Sandler
Assurant price target lowered to $133 from $144 at Piper Sandler
11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
AIZ Assurant
$135.82 /

+2.71 (+2.04%)

AIZ Assurant
$135.82 /

+2.71 (+2.04%)

Hot Stocks
Assurant teams with Altelium on battery electric vehicle protection » 08:42
01/25/23
01/25
08:42
01/25/23
08:42
AIZ

Assurant

$128.85 /

-1 (-0.77%)

Assurant announced an…

Assurant announced an agreement with Altelium, a provider of real-time data driven battery solutions. The partnership enables Assurant to leverage Altelium's artificial intelligence -driven battery data and electric vehicle insights to create an array of innovative electric vehicle solutions, including vehicle service contracts that protect EV owners from costly battery repair and replacement. Assurant will also use this technology to provide enhanced EV awareness to dealers and EV insights to EV owners. "While this partnership represents the foundation of a wide range of potential EV and EV-related solutions for auto dealers and EV owners, Assurant is already deploying Altelium's technology in Assurant EV One ProtectionSM, Assurant's most comprehensive electric vehicle service contract product to date. With Assurant EV One ProtectionSM, drivers of BEVs and PHEVs less than eight years old, and with fewer than 80,000 miles at the time of purchase are covered for extensive mechanical repair and replacement coverage, including the lithium-ion / traction battery and battery management system."

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AIZ Assurant
$128.85 /

-1 (-0.77%)

AIZ Assurant
$128.85 /

-1 (-0.77%)

12/20/22 Piper Sandler
Assurant price target lowered to $133 from $144 at Piper Sandler
11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
AIZ Assurant
$128.85 /

-1 (-0.77%)

AIZ Assurant
$128.85 /

-1 (-0.77%)

Hot Stocks
Guidewire, Assurant partner to streamline insurance processes » 08:56
01/12/23
01/12
08:56
01/12/23
08:56
GWRE

Guidewire

$67.07 /

+0.74 (+1.12%)

, AIZ

Assurant

$126.59 /

+0.02 (+0.02%)

Guidewire (GWRE) and…

Guidewire (GWRE) and Assurant (AIZ) announced that Assurant has joined Guidewire PartnerConnect as a Solution partner. Assurant is working to transform the way insurance is verified and processed with solutions that streamline data exchange. Assurant's Carrier Direct Endorsement solution expedites claim check endorsements, while its HOIVerify solution facilitates digital, no-touch homeowners insurance verification. Assurant's Ready for Guidewire integrations will enable Guidewire users to integrate to its Carrier Direct Endorsement and HOIVerify solutions.

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GWRE Guidewire
$67.07 /

+0.74 (+1.12%)

AIZ Assurant
$126.59 /

+0.02 (+0.02%)

GWRE Guidewire
$67.07 /

+0.74 (+1.12%)

01/12/23 Citi
Citi opens 'positive catalyst watch,' names top picks in application software
12/07/22 BTIG
Guidewire price target lowered to $90 from $105 at BTIG
12/07/22 Citi
Guidewire price target lowered to $67 from $79 at Citi
12/07/22 Wells Fargo
Guidewire price target lowered to $55 from $60 at Wells Fargo
AIZ Assurant
$126.59 /

+0.02 (+0.02%)

12/20/22 Piper Sandler
Assurant price target lowered to $133 from $144 at Piper Sandler
11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
GWRE Guidewire
$67.07 /

+0.74 (+1.12%)

AIZ Assurant
$126.59 /

+0.02 (+0.02%)

GWRE Guidewire
$67.07 /

+0.74 (+1.12%)

AIZ Assurant
$126.59 /

+0.02 (+0.02%)

Over a quarter ago
Recommendations
Assurant price target lowered to $133 from $144 at Piper Sandler » 06:04
12/20/22
12/20
06:04
12/20/22
06:04
AIZ

Assurant

$122.98 /

-0.64 (-0.52%)

Piper Sandler analyst…

Piper Sandler analyst John Barnidge lowered the firm's price target on Assurant to $133 from $144 and keeps a Neutral rating on the shares ahead of the Q4 results. The analyst anticipates macro factors have begun to more directly impact the company's profitability in the quarter.

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AIZ Assurant
$122.98 /

-0.64 (-0.52%)

AIZ Assurant
$122.98 /

-0.64 (-0.52%)

11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
03/25/22 Truist
Assurant price target raised to $220 from $210 at Truist
AIZ Assurant
$122.98 /

-0.64 (-0.52%)

AIZ Assurant
$122.98 /

-0.64 (-0.52%)

AIZ Assurant
$122.98 /

-0.64 (-0.52%)

Hot Stocks
Assurant finalizes restructuring plan, sees up to $65M in charges » 17:24
12/13/22
12/13
17:24
12/13/22
17:24
AIZ

Assurant

$130.49 /

-1.59 (-1.20%)

On December 13 Assurant,…

On December 13 Assurant, finalized its plan to realize greater operational efficiencies by continuing to simplify its business portfolio and leverage its global footprint to reduce costs. This includes realigning its organizational structure and talent to support its business strategy. The Company is also accelerating its ongoing real estate consolidation to support work-from-home arrangements given its increasingly hybrid workforce. The Company expects to complete these actions in 2023.The Company expects to incur total pre-tax restructuring charges of approximately $60M to $65M, with approximately $51M to $56M to be incurred in fourth quarter 2022 and the remainder to be incurred in 2023. The total expected range includes approximately $29M to $34M related to severance and employee benefits, and approximately $31M related to real estate exit costs, consisting of lease impairment and abandonment charges. The Company estimates that substantially all of the charges will be cash. The Company expects approximately $55M in gross annualized run rate savings to be realized from these actions by year-end 2024, with more than half expected to be realized in 2023. These savings will partially mitigate the impact of higher labor costs and headwinds from the macroeconomic environment, as well as fund additional investments, including increasing automation, to continue to drive a more efficient cost structure long term. The Company expects to provide its full year 2023 outlook during its fourth quarter 2022 earnings call in February

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AIZ Assurant
$130.49 /

-1.59 (-1.20%)

AIZ Assurant
$130.49 /

-1.59 (-1.20%)

11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
03/25/22 Truist
Assurant price target raised to $220 from $210 at Truist
AIZ Assurant
$130.49 /

-1.59 (-1.20%)

AIZ Assurant
$130.49 /

-1.59 (-1.20%)

AIZ Assurant
$130.49 /

-1.59 (-1.20%)

Conference/Events
Assurant management to meet virtually with Piper Sandler » 07:13
11/29/22
11/29
07:13
11/29/22
07:13
AIZ

Assurant

$125.21 /

-3.19 (-2.48%)

Virtual Meeting to be…

Virtual Meeting to be held on November 29 hosted by Piper Sandler.

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AIZ Assurant
$125.21 /

-3.19 (-2.48%)

AIZ Assurant
$125.21 /

-3.19 (-2.48%)

11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
03/25/22 Truist
Assurant price target raised to $220 from $210 at Truist
AIZ Assurant
$125.21 /

-3.19 (-2.48%)

AIZ Assurant
$125.21 /

-3.19 (-2.48%)

AIZ Assurant
$125.21 /

-3.19 (-2.48%)

Options
Early notable gainers among liquid option names on November 25th » 09:55
11/25/22
11/25
09:55
11/25/22
09:55
CF

CF Industries

$107.42 /

+0.94 (+0.88%)

, EXPE

Expedia

$101.72 /

+0.94 (+0.93%)

, HD

Home Depot

$324.00 /

+2.545 (+0.79%)

, AIZ

Assurant

$127.30 /

+0.95 (+0.75%)

, WBD

Warner Bros. Discovery

$11.39 /

+0.06 (+0.53%)

Notable gainers among…

Notable gainers among liquid option names this morning include CF Industries (CF) $109.11 +2.80, Expedia (EXPE) $102.77 +1.89, Home Depot (HD) $327.48 +5.97, Assurant (AIZ) $128.64 +2.30, and Warner Bros. Discovery (WBD) $11.54 +0.20.

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WBD Warner Bros. Discovery
$11.39 /

+0.06 (+0.53%)

HD Home Depot
$324.00 /

+2.545 (+0.79%)

EXPE Expedia
$101.72 /

+0.94 (+0.93%)

CF CF Industries
$107.42 /

+0.94 (+0.88%)

AIZ Assurant
$127.30 /

+0.95 (+0.75%)

CF CF Industries
$107.42 /

+0.94 (+0.88%)

11/01/22 Mizuho
CF Industries price target lowered to $113 from $117 at Mizuho
10/25/22 Goldman Sachs
LSB Industries initiated with a Neutral at Goldman Sachs
10/04/22 Citi
CF Industries price target raised to $120 from $117 at Citi
10/03/22 RBC Capital
RBC upgrades CF Industries on favourable nitrogen outlook
EXPE Expedia
$101.72 /

+0.94 (+0.93%)

11/22/22 Barclays
Expedia price target raised to $125 from $124 at Barclays
11/08/22 Citi
Expedia price target lowered to $102 from $118 at Citi
11/06/22 Barclays
Expedia price target lowered to $124 from $161 at Barclays
11/04/22 Wells Fargo
Expedia price target lowered to $150 from $200 at Wells Fargo
HD Home Depot
$324.00 /

+2.545 (+0.79%)

11/17/22 Telsey Advisory
Lowe's price target raised to $255 from $250 at Telsey Advisory
11/17/22 Truist
Target price target lowered to $151 from $165 at Truist
11/16/22 Wells Fargo
Lowe's 'gives bull case a boost' in Q3, says Wells Fargo
11/16/22 Truist
Home Depot price target lowered to $382 from $400 at Truist
AIZ Assurant
$127.30 /

+0.95 (+0.75%)

11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
03/25/22 Truist
Assurant price target raised to $220 from $210 at Truist
WBD Warner Bros. Discovery
$11.39 /

+0.06 (+0.53%)

11/14/22 Spin-Off Research
Warner Bros. Discovery downgraded to Hold from Buy at Spin-Off Research
11/10/22 Citi
Warner Bros. Discovery price target lowered to $18 from $21 at Citi
11/08/22 Deutsche Bank
Warner Bros. Discovery price target lowered to $35 from $48 at Deutsche Bank
11/07/22 RBC Capital
Warner Bros. Discovery price target lowered to $27 from $44 at RBC Capital
WBD Warner Bros. Discovery
$11.39 /

+0.06 (+0.53%)

HD Home Depot
$324.00 /

+2.545 (+0.79%)

EXPE Expedia
$101.72 /

+0.94 (+0.93%)

CF CF Industries
$107.42 /

+0.94 (+0.88%)

AIZ Assurant
$127.30 /

+0.95 (+0.75%)

WBD Warner Bros. Discovery
$11.39 /

+0.06 (+0.53%)

HD Home Depot
$324.00 /

+2.545 (+0.79%)

EXPE Expedia
$101.72 /

+0.94 (+0.93%)

WBD Warner Bros. Discovery
$11.39 /

+0.06 (+0.53%)

HD Home Depot
$324.00 /

+2.545 (+0.79%)

EXPE Expedia
$101.72 /

+0.94 (+0.93%)

CF CF Industries
$107.42 /

+0.94 (+0.88%)

AIZ Assurant
$127.30 /

+0.95 (+0.75%)

WBD Warner Bros. Discovery
$11.39 /

+0.06 (+0.53%)

HD Home Depot
$324.00 /

+2.545 (+0.79%)

EXPE Expedia
$101.72 /

+0.94 (+0.93%)

CF CF Industries
$107.42 /

+0.94 (+0.88%)

Hot Stocks
Assurant raises quarterly dividend 3% to 70c per share » 16:18
11/10/22
11/10
16:18
11/10/22
16:18
AIZ

Assurant

$126.69 /

+4.03 (+3.29%)

Assurant announced that…

Assurant announced that its Board of Directors approved a quarterly dividend increase of 2c to 70c per share of common stock. The dividend will be payable on December 19, 2022 to stockholders of record as of the close of business on November 28, 2022. "We have a compelling strategy with strong business fundamentals, and we continue to be good stewards of our capital," said Keith Demmings, President and CEO, Assurant. "Our ability to increase our dividend for the 18th consecutive time since our initial public offering is a testament to the strength of our ongoing and future cash generation."

ShowHide Related Items >><<
AIZ Assurant
$126.69 /

+4.03 (+3.29%)

AIZ Assurant
$126.69 /

+4.03 (+3.29%)

11/03/22 Keefe Bruyette
Assurant downgraded to Market Perform from Outperform at Keefe Bruyette
10/26/22 Truist
Assurant price target lowered to $170 from $220 at Truist
06/24/22 Piper Sandler
Assurant downgraded to Neutral from Overweight at Piper Sandler
03/25/22 Truist
Assurant price target raised to $220 from $210 at Truist
AIZ Assurant
$126.69 /

+4.03 (+3.29%)

AIZ Assurant
$126.69 /

+4.03 (+3.29%)

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